After change
Common shares of the Company: 140,000 shares
- Investor Relations (IR)
- 2022.05.25
Notice of Completion of Disposal of Treasury Shares as Restricted Stock Compensation and Partial Loss of Rights
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May 25, 2022
Company:Nippon Paint Holdings Co., Ltd.Representative:Yuichiro Wakatsuki
Director, Representative Executive Officer & Co-President
Wee Siew Kim
Director, Representative Executive Officer & Co-President
(Code No.: 4612; TSE Prime) Contact:Ryosuke Tanaka
General Manager of Investor Relations and Sustainability
(TEL +81-50-3131-7419)
Notice of Completion of Disposal of Treasury Shares as Restricted Stock Compensation and Partial Loss of Rights
Nippon Paint Holdings Co., Ltd. (the “Company”) is announcing that the disposal of treasury shares as restricted stock compensation was completed today as described below, based on the decisions made at the Remuneration Committee held on April 26, 2022 and the Representative Executive Officers & Co-Presidents of the Company.
The original number of qualified persons, the original number of shares to be disposed of and the original total disposal amount have been changed due to partial loss of rights.
For details, please refer to “Notice of Disposal of Treasury Shares as Restricted Stock Compensation” dated April 26, 2022.
1. Overview of the disposal (Changes are underlined)
After change
Before change
(1) Class and number of shares to be disposed
Before change
Common shares of the Company: 160,000 shares
(2) Disposal price
After change
1,004 yen per share
Before change
1,004 yen per share
(3) Total value of shares to be disposed
After change
140,560,000 yen
Before change
160,640,000 yen
(4) Recipients and the number thereof; and the number of shares to be disposed
After change
Directors of the Board of the Company: 7 persons 140,000 shares
Before change
Directors of the Board of the Company: 8 persons 160,000 shares
(5) Disposal date
After change
May 25, 2022
Before change
May 25, 2022
2. Reason for the change
The difference between the original number of qualified persons and the original number of shares to be disposed of and the actual figures are due to the fact that one person, who was one of the qualified persons at the time the disposal of treasury shares was decided, declined the disposal of shares and lost his rights.